Strategy chairman Michael Saylor said in a social media post on Sunday that the largest Bitcoin (BTC) treasury company is raising the dividend on its STRC preferred stock, also known as “Stretch,” to 11.50% for March 2026, from the previous 11.25%.
STRC is perpetual, meaning the company is not obligated to buy back the stock at any specified date, and features a variable yield that changes monthly.
A Friday update on the company’s website confirmed Saylor’s post. “STRC’s dividend rate is adjusted monthly to encourage trading around STRC’s $100 par value and to help strip away price volatility,” according to the website. The dividend is also paid monthly. with the next payout date on March 31, to shareholders of record
In February, Strategy CEO Phong Le said the company is pivoting away from issuing common stock to fund its BTC purchases and toward issuing more preferred shares.
“Last year, a stretch and our perpetual preferreds raised $7 billion. That’s 33% of the entire preferred market,” Le said.
“As we go throughout the course of this year, we expect structure to be a big product for us,” he said, adding, “We will start to transition from equity capital to preferred capital.”
To be sure, the company continues to accumulate Bitcoin amid a market drawdown that has nearly halved the price of Bitcoin since October and driven down the share prices of digital asset treasury companies.
In the year to date, BTC has lost 23.2% of its value, while the share price of Bitwise Bitcoin Standard Corporations ETF (OWNB) is down 16.1%. That exchange-traded fund provides exposure to public companies holding significant amounts of Bitcoin on their balance sheets.
Related: Strategy yield wrapper lands in Europe as 21Shares lists STRC ETP
Strategy records $12.4 billion loss in Q4 2025
Strategy in early February reported a net loss of $12.4 billion for the fourth quarter of 2025, leading to investors pushing the company’s share price down by 13% to about $107 per share.
Despite revenue for the quarter increasing 1.9% year-over-year to about $123 million, the company’s stock has been in freefall.
Strategy’s (MSTR) common stock price briefly hit a high of $543 per share during intraday trading in November 2024, before falling back down below $300 in February 2025.
The company’s stock has fallen by about 75% since the November 2024 peak, closing on Friday at $129.50 a shares.
The price of BTC is trading well below Strategy’s average purchase cost of $76,020 per Bitcoin, according to data from the company.
Strategy’s last bought BTC during the week of Feb. 16, when the company purchased 592 BTC, valued at over $39.8 million, bringing its total holdings to 717,722 BTC, and marking its 100th BTC acquisition.
Context
Current positioning around Market Analysis remains sensitive to primary-source updates, policy interpretation, and execution risk across major venues.
What To Watch
Key confirmation signals include sustained spot demand, funding stability, and whether price can hold reclaimed levels after headline-driven volatility.
If momentum weakens, traders will likely prioritize downside liquidity zones and risk-control positioning before adding new directional exposure.
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